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- Tasks: Engage in business analysis and product management within the insurance sector.
- Company: Join a dynamic team driving innovation in the London insurance market.
- Benefits: Enjoy competitive salary, flexible working options, and opportunities for professional growth.
- Why this job: Be part of a transformative journey, making impactful contributions to exciting projects.
- Qualifications: 5+ years in business analysis with 3+ years in the insurance industry required.
- Other info: Ideal for curious candidates ready to challenge norms and drive change.
The predicted salary is between 72000 - 108000 ÂŁ per year.
Business Analyst (Product Manager), Underwriting Business Analyst / Product Manager London Insurance/Markets. Circa ÂŁ90k neg. Very exciting role. MUST have London Insurance/Markets knowledge/background in order to have credibility when talking to Underwriters about their projects, issues, deliverables.
You will have a background in Business analysis and ideally product management where you will be able to discuss SLIP’s, MGA’s and Binder as your day to day job. We are after curious candidates who can challenge the underwriters and not be a “yes” person. You have credibility and as a BA / PO you want to make sure you deliver products that make commercial and business sense - not just execute/do. MUST have strong Business process background. (And some IT systems but more Business process, the underwriters, why they need X, challenge, question, spar with them and deliver to them BUT deliver outcomes and not just a project/solution. MUST see what outcome we deliver and why this makes sense to the business.
You will be encouraged to sit with the business and question the status quo and add ideas, be vocal. You will work on Swim lanes; Process mapping. Data Flows. You will want to know intimately each business process in order for the project to be successful. Understanding what the underwriter wants and needs, the better you can translate this to the IT team, coordinate, steer, lead and deliver. Sit, observe, make full use of systems, work on use cases, user stories. This is Cyber, Property, marine, event contingency Insurance, NOT Car, house, Life.
The Business Analyst will be a pivotal part of our exciting growth journey. You will work on strategic priorities focused on leveraging data and transforming our operating model, this role offers a unique opportunity to contribute to innovative projects that drive our success. As a Business Analyst, you will work closely with cross-functional teams to analyse business processes, gather requirements, and support the implementation of solutions that enhance efficiency and effectiveness. Be a part of a growing team where your contributions have a significant impact on Xxxx's future. Apply now to take the next step in your career with us!
What you’ll be doing:
- Requirements Gathering and Analysis
- Conduct interviews and workshops with stakeholders to understand business needs.
- Document detailed business requirements and use cases.
- Collaborate with IT teams to ensure technical feasibility.
- Process Improvement
- Analyse existing business processes to identify areas for enhancement.
- Develop process models and workflows to optimise operations.
- Recommend and implement solutions to increase efficiency and productivity.
- Stakeholder Communication and Engagement
- Build and maintain strong relationships with internal and external stakeholders.
- Facilitate regular meetings to communicate project updates and gather feedback.
- Act as a liaison between business units and IT to ensure effective collaboration.
- Data Analysis and Reporting
- Gather and analyse data to support business decision-making.
- Create comprehensive reports and dashboards for stakeholders.
- Ensure data accuracy and integrity in reporting processes.
- Project Management Support
- Assist in defining project scope, objectives, and deliverables.
- Coordinate with project teams to ensure alignment and timely delivery.
- Monitor project progress and report on status to management.
What you’ll bring:
- Proven experience in Business Analysis and Insurance Industry Knowledge: 5+ years’ experience as a business analyst with 3+ years’ experience in the insurance industry. Leverage extensive experience and understanding of the insurance sector to offer insights and drive informed decision-making.
- Curiosity and Innovation: Possess a natural curiosity and eagerness to explore new ideas, fostering a culture of innovation and continuous improvement.
- Confidence to Challenge the Status Quo: Boldly question existing practices and propose creative solutions to enhance business processes and outcomes.
- Flexibility in Methodologies: Adapt seamlessly between agile and waterfall methodologies, ensuring the appropriate approach is utilised for each project.
- Exceptional People Skills: Build strong relationships with stakeholders at all levels, facilitating effective communication and collaboration.
- Analytical Mindset: Apply strong analytical skills to interpret data and trends, supporting strategic initiatives and business objectives.
- Problem-Solving Expertise: Demonstrate proficiency in identifying challenges and developing practical solutions to drive business success.
- Commitment to Excellence: Maintain a high standard of work quality and strive for excellence in all aspects of the role.
- Leveraging AI for Efficiency and Opportunities: Utilise AI technologies to enhance personal efficiency and identify innovative opportunities to improve processes and outcomes at Xxxx.
- Understanding of Product Management and Agile: Bring a good understanding of product management and agile principles, contributing to the development and enhancement of insurance products and services.
Business Analyst (Product Manager), Underwriting Business Analyst / Product Manager London Insura... employer: Michael Bailey Associates
Contact Detail:
Michael Bailey Associates Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Analyst (Product Manager), Underwriting Business Analyst / Product Manager London Insura...
✨Tip Number 1
Familiarise yourself with the specific terminology and processes used in the London Insurance market, such as SLIPs, MGAs, and Binders. This knowledge will help you engage confidently with underwriters and demonstrate your credibility during discussions.
✨Tip Number 2
Network with professionals in the insurance industry, particularly those who have experience in underwriting. Attend industry events or join relevant online forums to build connections that could provide insights and potentially lead to referrals for the role.
✨Tip Number 3
Showcase your analytical skills by preparing examples of how you've successfully improved business processes in previous roles. Be ready to discuss specific outcomes and how your contributions made a difference to the business.
✨Tip Number 4
Demonstrate your curiosity and willingness to challenge the status quo by preparing thoughtful questions about the company's current processes and potential areas for improvement. This will highlight your proactive approach and innovative mindset.
We think you need these skills to ace Business Analyst (Product Manager), Underwriting Business Analyst / Product Manager London Insura...
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in business analysis and the insurance industry. Emphasise your familiarity with SLIPs, MGAs, and Binders, as well as any relevant projects you've worked on.
Craft a Compelling Cover Letter: In your cover letter, express your curiosity and willingness to challenge the status quo. Provide examples of how you've successfully improved business processes or collaborated with stakeholders in previous roles.
Showcase Your Analytical Skills: Include specific examples of how you've used data analysis to support decision-making in past positions. Highlight any tools or methodologies you are proficient in that relate to the role.
Prepare for Interviews: Be ready to discuss your approach to requirements gathering and process improvement. Think of scenarios where you've had to challenge existing practices and how you communicated those changes to stakeholders.
How to prepare for a job interview at Michael Bailey Associates
✨Showcase Your Insurance Knowledge
Make sure to highlight your understanding of the London insurance market, including SLIPs, MGAs, and Binders. This knowledge will establish your credibility with the interviewers, especially when discussing projects with underwriters.
✨Demonstrate Curiosity and Problem-Solving Skills
Prepare examples that showcase your ability to challenge the status quo and propose innovative solutions. Interviewers are looking for candidates who can think critically and offer fresh perspectives on business processes.
✨Emphasise Stakeholder Engagement
Be ready to discuss how you've built relationships with stakeholders in previous roles. Highlight your communication skills and your experience in facilitating meetings to gather feedback and ensure alignment between business units and IT.
✨Prepare for Data Analysis Questions
Since data analysis is a key part of the role, be prepared to discuss your experience with data gathering, reporting, and ensuring data integrity. Bring examples of how your analytical mindset has contributed to decision-making in past projects.
